I have my finger on the trigger for ordering the A-Z kit, but wanted to ask a few questions first to make sure I'm making the right decision.
I have bought around a dozen discounted mobile home notes over the last few years through my SDIRA and it's worked out very well for me. I'm now looking to take my note buying prowess to the next level by buying bigger and more notes, and it seems like the A-Z system is what I'm looking for as far as a repeatable system that's applicable in this environment.
My question is around time and commitment. Due to family and professional obligations, I will only be able to devote 5-10 hours per week to this business. I'm looking to supplement my portfolio and income, but not to go full time, at least not for the next few years. I'm not afraid of hard work by any means, but am trying to be realistic in my expectations by getting some feedback from those of you who've been through the learning curve already.
Can I realistically find, research, fund, buy, and exit a few notes/portfolios per year on 5-10 hours per week or am I kidding myself?
I'm already spending about that amount of time reading everything I can on this and other note sites, and I'm looking forward to taking the next step by buying the training and putting it into practice.
Thanks in advance
Ron

Runron,

All I can say, without even a hint of hesitation, is that the A-Z has far exceeded my expectations. Spent some time researching before finally purchasing Dean's course. There are absolutely no fillers in this course. Just meat and potatoes. Received the course in late October and im now at the following juncture:

1) I have MORE sources (banks) sending me their notes for sale than I can honesty handle. There is so much out there! It really is ridiculous once you learn how to find them.

2) I've developed the specific know-how (knowledge) necessary to confidently approach this business and continue to move forward. If you learn this material, you will know and be more than able to convey your knowledge to the bank so that they are confident in dealing with you. In some cases you may find yourself teaching the banks how to sell there non-performing notes to you!

3) At present, I'm in the process of of doing some due diligence on a few notes and have another much larger note I'm working on with a third party to possibly bid on soon.

The bottom line...everything in the course is as Dean says it is..period. That's the one of the constant things that I have seen for myself. You do this.....and you get that...period. It's VERY rare that you see the actual delivery of a course directly mirror what it says it offers.

After going thru the course the first time, Dean's "credibility meter" went through the roof with me.

If you are truly ready to execute, take some serious action, even part time, then IMO this is the vehicle to do it with.

Just my honest 2 cents

Regards,

William S.

William,
Thanks for the feedback. How many hours per week are you putting towards the note business? Mostly phone and internet work or face to face?
Thanks
Ron

Ron,

In the beginning, when I first started calling the banks, it was roughly 2-3 hrs a day for about 7 week days. From that one effort I had more than enough bank contacts to work with and most importantly, keep a well detailed follow up info sheet to track my progress. I'm convicted that the follow-up is where it's at. Many times these bank reps are very busy, and just when you think that they will not get back to you they call you and let you know that they are sending you a CA to sign.

My nephew works full time and just started calling banks this week. On his first day out, he had a bank rep ask him to send him his info and advised that he would be sending him a Confidentiality Agreement. He made a decision to call some regional banks at least 3 days a week because of the timing opportunity that he has here on the East coast. He figured if he got home by 5:30pm then west coast time would be 2:30. So a good solid 2 1/2 hours to make calls! Where there is a will, there's a way! Anyway advised him to focus more on raising money, which I'm helping him with, In my opinion, the calls and making the right contacts are a relatively simple thing to do,,you just have to be on top of your follow ups.

The only face-to-face I have are with my contacts ( to raise money) and the referrals I get for my meetings to raise money. That's it. Everything to do with establishing some great bank sources for non-performers to bid on is done from my home office. Everything is done by phone, email and fax as dean has mentioned.

Hope this helps.

Regards,

Will